ERIC Number: ED595233
Record Type: Non-Journal
Publication Date: 2018
Pages: 18
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: N/A
Charter School Facilities Financing Sources: Exploring Quality Opportunity Zones and the U.S. Department of Agriculture Rural Development Programs
Medler, Alex; Beckett, Lorna; Mohr, David; Griffin, Jim; Hamadani, Ali
National Charter School Resource Center
Nationally, the demand for charter schools is high, yet access to affordable school facilities is a continued barrier to the growth of the charter sector. This paper, produced by the National Charter School Resource Center (NCSRC) in partnership with the Colorado League of Charter Schools (CLCS) and Momentum Strategies & Research, addresses two intriguing sources of financing--one new and one benefitting from renewed attention: Qualified Opportunity Zones (QOZ) and the U.S. Department of Agriculture's (USDA) Rural Development programs. Many charter schools are unaware of the financing available through these programs, so this paper explores the potential for charter schools to access these sources. Increased awareness of these programs may help charter schools obtain financing for a facility, resulting in continued growth of the charter sector and additional high-quality seats for students across the country. As this study demonstrates many charter schools are in or near communities that are eligible for one of these programs, and a substantial portion of those schools are likely to need new buildings or substantial renovations in the next few years. The funding options described herein have the potential to increase access to facilities financing and reduce overall facilities costs. [This paper was produced in partnership with Momentum Strategies and Research.]
Descriptors: Charter Schools, Educational Facilities, Educational Finance, Educational Opportunities, Access to Education, Rural Development, Developmental Programs, Federal Aid, Educational Facilities Improvement, Eligibility, Rural Schools, Economically Disadvantaged, Grants, Federal Programs
National Charter School Resource Center. Available from: Safal Partners. 2900 Wilcrest Suite 416, Houston, TX 77042. Tel: 713-955-2727; Fax: 713-422-2434; Web site: https://charterschoolcenter.ed.gov/
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Department of Education (ED)
Authoring Institution: National Charter School Resource Center (NCSRC) at Safal Partners; Colorado League of Charter Schools
Grant or Contract Numbers: EDOII13C0065
Author Affiliations: N/A